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Biglaw

All articles tagged with #biglaw

Former Biglaw Attorney Allegedly Ran Decade-Long Insider Trading Network
business19 days ago

Former Biglaw Attorney Allegedly Ran Decade-Long Insider Trading Network

The DOJ charged 30 individuals, including former Biglaw attorneys, in a decade-long insider-trading operation that allegedly leveraged non-public information from major law firms, routed through a layered network of traders and sources, and used burner phones and coded language; the scheme referenced deals like iRobot and Amazon, with 19 arrests and two fugitives, while unnamed victim firms likely include some of the country’s largest M&A practices.

via Above the Law|
#biglaw#business#insider-trading
Stolen BigLaw Deal Data Fueled Multimillion Insider Trading, Feds Say
business20 days ago

Stolen BigLaw Deal Data Fueled Multimillion Insider Trading, Feds Say

Federal prosecutors unveiled indictments alleging a multimillion-dollar insider trading scheme that used nonpublic information about mergers and acquisitions handled by top law firms (including Goodwin Procter, Latham & Watkins, Sidley Austin, Wachtell Lipton, and Weil Gotshal) to trade on deals involving major companies such as Amazon, Johnson & Johnson, and eBay.

via Law360|
#biglaw#business#indictments
business1 year ago

Big Law Firms Boost Bonuses to Retain Top Talent Amidst Competitive Market

Skadden Arps has announced its year-end bonuses, matching Milbank's scale and offering additional cash for its most senior associates. The firm, ranked No. 5 on the Am Law 100 with over $3.27 billion in revenue for 2023, is rewarding associates from the class of 2017 and senior with up to $125,000 plus a $25,000 special bonus. This move highlights the competitive nature of compensation in Biglaw, encouraging other firms to recognize the hard work of their experienced lawyers.

via Above the Law|
#associates#biglaw#bonuses
business1 year ago

Biglaw Firms Boost Associate Bonuses Amid Competitive Moves

White & Case, ranked #9 on the Am Law 100 with nearly $3 billion in revenue, has announced it will match the market standard for year-end and special bonuses for associates. The bonuses will be distributed on February 14th. The announcement encourages associates to share bonus updates from their firms with Above the Law to stay informed on industry trends.

via Above the Law|
#am-law-100#associate-bonuses#biglaw
business1 year ago

Top Law Firms Match Milbank's Generous Bonus Scale

Ropes & Gray has announced it will match Milbank's bonus scale for its US-based partnership track associates who meet the 1900-hour threshold, with potential for additional bonuses for those exceeding expectations. The firm, ranked 8th on the Am Law 200 with nearly $3 billion in revenue, plans to distribute bonuses on December 24. The announcement encourages associates to report their firm's bonus matches to Above the Law for updates.

via Above the Law|
#am-law-200#associate-compensation#biglaw
business1 year ago

BigLaw Firms Follow Milbank's Lead with Lucrative Year-End Bonuses

Fried Frank has announced it will match the Milbank scale for both annual and special bonuses, with additional premiums ranging from $3,000 to $34,500. The firm reported over $1 billion in gross revenue and high profits per equity partner in 2023. Bonuses will be distributed by December 31, and Above the Law encourages readers to share bonus memos for updates.

via Above the Law|
#biglaw#bonuses#business
business1 year ago

BigLaw Firms Race to Match Milbank and Cravath's Bonus Announcements

Paul Hastings has become the first major Biglaw firm to match the Milbank bonus scale following Cravath's announcement. The firm will offer year-end bonuses ranging from $20,000 for the Class of 2023 to $115,000 for the Class of 2017 and above, along with special bonuses. This move aligns with the Milbank scale, reflecting Paul Hastings' strong financial performance, including $1.8 billion in gross revenue and $5.4 million in profits per equity partner in 2023.

via Above the Law|
#biglaw#bonuses#business
business1 year ago

Cravath and BigLaw Firms Align on Year-End and Special Bonuses

Cravath has announced both year-end and special bonuses for its associates, matching the bonus scale set by Milbank. These bonuses will be distributed in December across their New York, D.C., and London offices without specific billable hours requirements. This move is expected to influence other major Biglaw firms to follow suit in their bonus offerings.

via Above the Law|
#associate-compensation#biglaw#bonuses
legal-news1 year ago

Biglaw Partner's Outburst Over Parking Spot Sparks Controversy

Richard Pitt, a partner at Eversheds Sutherland, faced backlash for blocking a pregnant associate's car in a parking dispute at the Cardiff office. Enraged by the associate taking his reserved spot, Pitt parked his car to trap hers, demanding a written and later an in-person apology. The situation was resolved after Pitt issued an apology for his "regrettable error of judgement."

via Above the Law|
#anger-management#biglaw#eversheds-sutherland
legal-industry2 years ago

"Denver Boutique Law Firm Closes as Fennemore Craig Gains 80 Lawyers"

Fennemore Craig's latest group lateral hire from Moye White has resulted in the closure of the nearly 50-year-old boutique firm, with the majority of its employees choosing to join the larger firm. The move is expected to add close to $30 million in annualized revenue to Fennemore, which experienced a 5.7% increase in revenue in 2023. While not all Moye White employees received offers to move, Fennemore CEO James Goodnow expressed well wishes for those affected.

via Above the Law|
#biglaw#fennemore-craig#group-lateral-hire